Along with comments in the story about recent layoffs.
We need some wins!
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Once a thriving area, poor merger and integration of pnc gis, and absorbing aibbny fund services years ago. Too much qualified US leadership lost over the last several years to compete here.
This is not a big client.
What are they not servicing blackrock or vanguard in the ETF business?
A client loss is a win in Charlie’s mind. Notice how he keeps saying at the quarterly earnings announcements that the company is delivering wins? Now, change his verbiage swap out wins to losses and you can easily understand why revenues are down, why earnings are down and why the stock price is down. What we can’t understand is why Charlie is still around after generating quarterly BE results. Pretty soon he’s going to earn the Unsatisfactory designation and then, just maybe the investors will have had enough and show him the door with cause.
BE
🤔 Keep up the good work Charlie.